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08.07.2017

Corporation Energy ON PROSPECTS OF ENERGY DIALOGUE IN LIGHT OF US - RUSSIAN PRESIDENTS’ FIRST MEETING

The first face-to-face meeting between US and Russian Presidents held on the sidelines of the G20 Summit on July 7th set a constructive tone to solve the most important issues in the field of economy and energy in particular confronting not only Russia and the United States, but also worldwide.

The problem of complex development of new oil and gas provinces, the improvement of technologies for the development of hard-to-recover reserves and definite mutual interest of both Russian and American energy companies belong to the agenda of the new Russian-American energy dialogue prompted by the analysis of the current situation; Corporation Energy advocates the continuation of this dialogue. A practical prerequisite for a qualitatively new stage will become mutual understanding sprouts emerged in the course of the historic meeting in Hamburg.

The ideological basis for such a dialogue will be the statement by Russian President Vladimir Putin at BRICS leaders’ meeting ahead of the G20 on Russia's intention to “continue actively participating in harmonizing the world energy markets, reducing price volatility”, as well as “in common with other states – suppliers and consumers of fuel – to ensure global energy security".

In light of pragmatic course proclaimed by President Donald Trump’s administration, progressive and successful development of PJSC "NC "Rosneft" is particular noteworthy because in the end of June the head of the company Igor Sechin expressed the readiness of the undoubted leader of the Russian energy sector to produce 500 million tons of oil more than existing business plans expect in the next 20 years.

It is obvious that the resumption of active cooperation between American oil and gas giants and the largest Russian company, which has set an ambitious goal of becoming the world's third largest gas production company, could not only confirm American pragmatism, but also become an important addition to the plan to expand exports of US shale hydrocarbons to European and Asian markets.

Established in 2011, Corporation Energy is ready to implement its experience in management and expertise gained in the course of a successful Russian-American Energy Dialogue in early 2000s to set bilateral cooperation in the energy sector on a constructive development track in the interests of the two peoples and stability of global energy markets.